Dissolve yeast in warm milk and let sit 5 minutes until foamy.

In a large bowl, whisk flour, sugar, and salt.

Cut in cold butter until mixture resembles coarse crumbs.

Add yeast-milk mixture and vanilla, knead lightly until soft dough forms.

Cover and let dough rise 1–2 hours until doubled in size.

Beat cream cheese, powdered sugar, and vanilla for filling; add cream if needed.

Roll dough into rectangle, cut into 6–8 pieces. Spread cream cheese filling and top with cherry preserves.

Fold edges slightly to form borders. Brush with egg wash.

Bake at 375°F (190°C) for 20–25 minutes until golden.

Cool 5–10 minutes, garnish with fresh cherries and powdered sugar if desired.